Carney will be briefed tomorrow morning by Bank officials on the state of the economy.

Then on Wednesday and Thursday, Carney will host his first monetary policy committee meeting to set the Bank base rate.

Experts say his influence on the committee could be overstated. For instance he will still be just one of nine members of the MPC. A simple majority will be required to move rates, but like Sir Mervyn, he could on occasion find himself out-voted.

Nor is it known if Carney will be a hawk or dove on interest rates or on quantitative easing, the Bank’s £375 billion scheme for pumping money into the economy. His predecessor, Sir Mervyn King, wanted to extend QE by a further £25 billion but what will Carney do?

And as early as August, the Bank could issue a new kind of guidance for homeowners on where rates are going.

Carney is famous in his native Canada for offering ‘forward guidance’ on the circumstances in which interest rates might rise, which sets him apart from his peers and especially his predecessor.

Transparency on rates and on the direction of rates is likely to be a key feature of the Carney era. Bank insiders predict, though, that ‘forward guidance’ will not come in before August.

On track: Mark Carney hitches a ride on a dog sled at a G7 meeting in Canada

Markets now price in a rise sooner

Financial markets are starting to expect rates to rise. The interest rates payable on long-term bonds – seen as an indicator of where the markets think interest rates are going – have spiked.

But King made public his anxieties last week that homeowners could be heading for trouble if rates rise in the near future.

‘We are a long way off a bank rate rise,’ said Ray Boulger, a mortgage expert at brokerage John Charcol.

Boulger does not expect a rise in the UK until as late as 2015. And others agree.

Graeme Fisher, head of policy at the Federation of Small Businesses, said: ‘In the short-term and even in the medium-term, I would be very surprised if interest rates were to rise.’

Graeme Leach, chief economist at the Institute of Directors added: ‘The economic outlook is still not good enough or strong enough to risk putting up interest rates. Even speculation about possible interest rate rises dampens business sentiment and means an increase is less likely to happen.’

John Longworth, director-general of the British Chambers of Commerce, said: ‘We have already seen consumer spending flatten. If you raised interest rates it would be catastrophic. We believe it is very unlikely that there will be any increase in interest rates in the foreseeable future.’

More broadly, Carney is expected to usher in an overhaul of the Bank’s leadership. A new chief operating officer, Charlotte Hogg, has been appointed. And Carney will have a key role in appointing a new deputy governor to replace Paul Tucker.

Carney will ease gently into his new role today, attending Sir Mervyn King’s last ‘governor’s day’ at the Bank’s sports ground in South-West London. As he watches the annual cricket match, he will perhaps try to banish thoughts of last week’s GDP adjustments, which showed the UK recession had been worse than thought and the recovery shallower, even though a double-dip recession was avoided.

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New Bank of England chief Mark Carney to host his first interest rate meeting